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Jul 27, 2011
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that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal deficit that has grown dramatically in the last few years, you're now going to make that worse by making borrowing costs for the government higher. the irony is if the net result of trying to deal with the deficit will be to make borrowing costs higher so that the deficit becomes bigger rather than smaller over time, everybody will have shot themselves in the foot. >> starting with you, jerry, do you see much going on behind the scenes, contingency plans, you know, what-ifs? especially here in washington? you start with washington
that's the big question. but you askd probably the most the smartest question which is even if that's the case, even if we get downgraded, will people stop buying treasurys? on a relative basis, we may still look like not a bad debt at least. >> but the problem in that scenario is that the cost to the government of getting money, of the price you have to pay in interest to get the money that you need will go up. if we're talking about a problem that is rooted in a deficit, a federal...
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Jul 9, 2011
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gates hada big role in yes, did. >> gohead. >>ea i think they'll center to try to cut the @@defense buet by, i don't know,@0 -- 50, 100 billion, dollars00 billion is the numbe" i've seen over 10 years. >> okay with reducing the budget? >> yes. >>worry you? china -- >> if we don't maintain a@ position of worl military superiority we won't be the number one in the@wod, check? >> if we let our economy down the toilet, we won't be number one in the world@either. and we cat afford this! >> we're not number one militaly in the world -- in @@ our -- in our circumstances. we will still -] @@not be the number one [everyone talki at once] worlds power? next 15 countries we'll still power. number one military [everyone talking at once]@@ >> nal power and counterinsurgency. that where you'll see the >> we center to maintain military superiority ove" everyone to be the worlds's number >>> issue four, brace for impact! ptain chelsea sullenberger visited the aviation museum in north carolina for the arrival of the u.s. airways plane that he p
gates hada big role in yes, did. >> gohead. >>ea i think they'll center to try to cut the @@defense buet by, i don't know,@0 -- 50, 100 billion, dollars00 billion is the numbe" i've seen over 10 years. >> okay with reducing the budget? >> yes. >>worry you? china -- >> if we don't maintain a@ position of worl military superiority we won't be the number one in the@wod, check? >> if we let our economy down the toilet, we won't be number one in the...
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Jul 10, 2011
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we're talking big money. and doing something on social security and medicaid. it could all easily collapse, but for the first time, you have the leader of the country and a principal legislators at least looking at the possibility of doing the right thing. >> but the leader of the country has to lead. he has not yet. even though we have had the rumors and leaks that he is prepared to look at and to discuss, that is language he has used for two -- "i am happy to discuss --" is that the discussion time. it is crunch time. why have we not heard one proposal from the president? what are you going to do on medicare? >> it is such a certain argument we are having here brought some of us, a few of us, one of us maybe -- [laughter] has an idea that i-he would come to this, -- the idea that he would come to this, "come into my parlor, said the spider to fly." the republicans had their heads handed to them politically -- i am not saying they are substantively wrong -- they tidies debt reductions -- to the reductions -- tied it these debt reductions to the debt limit. i d
we're talking big money. and doing something on social security and medicaid. it could all easily collapse, but for the first time, you have the leader of the country and a principal legislators at least looking at the possibility of doing the right thing. >> but the leader of the country has to lead. he has not yet. even though we have had the rumors and leaks that he is prepared to look at and to discuss, that is language he has used for two -- "i am happy to discuss --" is...
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Jul 17, 2011
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they were going to go for the big deal. it was boehner, unfortunately, who could not get past his own caucus, could not get past his own majority leader, who was playing to the base. they have people in the house of representatives who do not believe anything will happen if the debt ceiling is increased. that is the yahoo mentality, and they are dealing with it. by my colleague is trying to make a point about how you have a completed, compliant, growth accepting every leak out of the white house here we have been told that the president is prepared to make cuts in entitlements. name me one. >> jobs. a completed, compliant, supine press. i love that. >> i've got other additives, but we are short on time. >> the other day, abc news position cameras all around the country, and they call them soapboxes cameras. they invited people to say what they had to say about the debt ceiling. we put one of the month at the beginning of the program. people are very upset, even if they do not quite understand what the debt ceiling is. do we
they were going to go for the big deal. it was boehner, unfortunately, who could not get past his own caucus, could not get past his own majority leader, who was playing to the base. they have people in the house of representatives who do not believe anything will happen if the debt ceiling is increased. that is the yahoo mentality, and they are dealing with it. by my colleague is trying to make a point about how you have a completed, compliant, growth accepting every leak out of the white...
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Jul 31, 2011
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there will be -- education will take big hits with the pell grants. to achieve the so-called cuts they are talking about would mean that a lot of people could be severely hurt. >> but we cannot sustain this level of debt forever. >> we cannot, but here is what is wrong -- we have to get control of the deficit, but we do not want to do anything on the revenue side. all of the pain is coming from the cuts. you are still leaving those tax cuts to the wealthy untouched, still living subsidies in for the oil companies untouched. everything to the poor folks and middle-class folks, they bear the brunt of it. >> met monday this week -- "my view is we should have a president who agrees to cut, cap, and balance the budget" -- mitt romney. >> he does not want to get too far out on a limb in the spirit in the grand bargain, there were revenue increases, closing loopholes that nobody wants to defend, except for grover norquist, who is having an incredible amount of power in this debate. there's a counter intuitive thing here. you have to spend some to get out of
there will be -- education will take big hits with the pell grants. to achieve the so-called cuts they are talking about would mean that a lot of people could be severely hurt. >> but we cannot sustain this level of debt forever. >> we cannot, but here is what is wrong -- we have to get control of the deficit, but we do not want to do anything on the revenue side. all of the pain is coming from the cuts. you are still leaving those tax cuts to the wealthy untouched, still living...
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Jul 30, 2011
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>> his reputation has taken a big hit this week, no doubt about that. the momentum is shifting from the house, led by the republicans, to the senate, led by the democrats. they are drafting their own legislation, trying to push that through. i have outlined a plan to push that through, including a 1:00 a.m. morning's vote on sunday. you cannot really trust that confirmation at the moment until it has happened. as for the president, he is on the sidelines at the moment. many people are criticizing him, not doing enough. work. this whole thing is not making anybody look good. >> and not giving people much time to sleep. we know where you will be sunday morning at 1:00. thank you. >>> wow, they will be burning the the night oil. >> let's turn to corporate news. german companies reporting strong earnings. continental has raised its full- year sales forecast after profits doubled, 700 million euros and for six months. long-term prospects are good because the german government wants to see 1 million electric cars on the road by 2020. the traditional car compa
>> his reputation has taken a big hit this week, no doubt about that. the momentum is shifting from the house, led by the republicans, to the senate, led by the democrats. they are drafting their own legislation, trying to push that through. i have outlined a plan to push that through, including a 1:00 a.m. morning's vote on sunday. you cannot really trust that confirmation at the moment until it has happened. as for the president, he is on the sidelines at the moment. many people are...
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Jul 12, 2011
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i really think the government's too big. i think we're outside the bounds of the enumerated powers and i think the problem is too big government we need to put it on a very strict atkins' style diet and lose about six or eight inches in its waistband. but i don't agree with him when it comes to tax expenditures that are stupid and calling that a tax increase if you take away the direct payments to somebody to get the todo something they already have todo. so in philosophy i agree, we need a smaller government, a more limited government, a more effective vernment, but i think the idea of somebody outside of congress telling us what our tax policy would be is ludicrous. >> rose: (laughs) this is what... i should make a point that we invited senator durbin and senator conrad tonight as well a they'll appear hopefully later this week. this is what david brooks said, as you well know. "if the republican party were a normal party it would take advantage of this amazing moment. it is being offered trillions of dollars in spending c
i really think the government's too big. i think we're outside the bounds of the enumerated powers and i think the problem is too big government we need to put it on a very strict atkins' style diet and lose about six or eight inches in its waistband. but i don't agree with him when it comes to tax expenditures that are stupid and calling that a tax increase if you take away the direct payments to somebody to get the todo something they already have todo. so in philosophy i agree, we need a...
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Jul 27, 2011
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he chose to go big in a lot of different ways. and perhaps that was necessary as he has said, but it also set off a big backlash. we've been living with the consequences of that ever since. in part he did what he did without any republican support, because they made a calculate political decision tt opposition to obama was in fact the best course for them politically. so as jerry wrote today, the role of government is at the heart of the debate in this country about who we are as a people. but the hyper-partisanship has left us in a position where we can't easily deal with that, even if people of gowill want to do that. >> rose: the 28 election was ara and size of government? >> 2010 was. >> rose: 2010.yes, up to a poi,i think where the republicans may be overinterpreting is 2010 was also a referendum on the unhappiness of the american people about the state of the economy, and that is not entirely different from the role of government and the size of government, but it's not the same thing. it doesn't necessarily lead to the same
he chose to go big in a lot of different ways. and perhaps that was necessary as he has said, but it also set off a big backlash. we've been living with the consequences of that ever since. in part he did what he did without any republican support, because they made a calculate political decision tt opposition to obama was in fact the best course for them politically. so as jerry wrote today, the role of government is at the heart of the debate in this country about who we are as a people. but...
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Jul 29, 2011
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i mean, the big difference between them... >>. >> rose: she was more hard line than he was and it'said she is even today in the councils of government. that she was more allied with bob gates than she was... >> yeah, that was the big difference during the campaign between them and that was what got oba doing soell in iowa was his rly opposition. >> rose: she supported the war even though it was just based on a speech that he'd written. so the last question is what's it going to take so that this is no longer true? >> think that it's going to be with us, charlie, for a very, very long time. and the reason i say that is that as the years go by it isn't that apresident has to think about vietnam, because vietnam has now insinuated itself int the d.n.a. of every presidt. now you think of code words. you think out having a clear exit strategy. >> rose: right. >> of giving clear instructions to the military. what are you really saying? you're really saying "i don't want another vietnam," but you don't articulate the word. you live the thought, the very essence of it. and that essence is now
i mean, the big difference between them... >>. >> rose: she was more hard line than he was and it'said she is even today in the councils of government. that she was more allied with bob gates than she was... >> yeah, that was the big difference during the campaign between them and that was what got oba doing soell in iowa was his rly opposition. >> rose: she supported the war even though it was just based on a speech that he'd written. so the last question is what's it...
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Jul 26, 2011
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and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested businesses as usual. he had ner routine increase in the national debt, but we in the house said not so fast. here was a president asking for the largest debt increase in american history on the heels of the largest spending binge in american history. and here's what we got for that massive spending binge. a new health-care bill that most americans never asked for. a stimulus bill that's more effective in producing material for late night comedians than it was in producing jobs. and a national debt that has gotten so out of hand it sparked a crisis without preced
and this going on in washington is a big part of the reason why. before i served in congress i ran a small business in ohio. i was amazed at how different washington d.c. operated than every other business in america. where most american businesses make the hard choices to pay their bills, live within their means. in washington, more spending and more debt is business as usual. well, i've got news for washington, those days are over. president obama came to congress in january and requested...
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Jul 13, 2011
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i know the big picture; you use the government to promote licies. what are the policies to get people to demand mo products so that companies can make more products and hire more people d e capit to build more factories? >> there are four things: you invest in infrastructure or other things that the public sector -- that's a kind of stimulous program. >> that's kind of a stim you las and creation of demand, different sides of the same coin. you put more money -- you give people -- you give employees or employers tax relief that puts more money in their pocket so thathey spend more. you provide support to parts of the economy that we obvious laying people off on a huge scale that they don't wanto lay off because they have important work to do. and that's why support for state and lol governments is so important. you providenemployment insurance and support for workers who have lost their jobs and who would otherwise set off aspiral by cutting their spending. and you do everything that you can to promote t sale of american products to foreign consumer
i know the big picture; you use the government to promote licies. what are the policies to get people to demand mo products so that companies can make more products and hire more people d e capit to build more factories? >> there are four things: you invest in infrastructure or other things that the public sector -- that's a kind of stimulous program. >> that's kind of a stim you las and creation of demand, different sides of the same coin. you put more money -- you give people --...
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Jul 2, 2011
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>> the big yachts? >> the big yachts! [everyone talking at once] >> don't you think this is more joe the plumber stuff he he says he wants to spread -- >> it's small -- small -- [everyone talking at once] >> small board demagoguery. >> i favor higher taxes on the rich, on the wealthy without question as part of this package. but if you can't get it for the reasons patted described, it's ridiculous to -- it's not going to go anywhere. >> for people like you and we want you to invest, we want you to invest in new properties. we want to you take risks. and -- maybe you can support t maybe you can't. some of you can't. but the 1 who take the risks are the one who have the money. and they do take the risk because of >>> the u.s. flag's colors d patterns are mimicked on walk shorts, bathing suits, even thongs. the supreme court decision texas versus johnson 22 years ago affirmed that even if you burn the flag or pour acid on the flag or deficate on the flag, it is not a misdemeanor and certainly knoll a felony therefore. it is
>> the big yachts? >> the big yachts! [everyone talking at once] >> don't you think this is more joe the plumber stuff he he says he wants to spread -- >> it's small -- small -- [everyone talking at once] >> small board demagoguery. >> i favor higher taxes on the rich, on the wealthy without question as part of this package. but if you can't get it for the reasons patted described, it's ridiculous to -- it's not going to go anywhere. >> for people like...
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Jul 23, 2011
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you know, and it sounds like what is the big difference. but it really needed a specific, for me to understand that real new york vibe, that is what i was going for. >> yet known reason why i should direct a movie. >> i think so too. >> as soon as i write a script as soon as i get out of here ari will call me and say where's the script. >> the plan is to do a movie. >> rose: i think should come at this table. >> i would love you on a show, a movie it would be great. >> it would up our street cred. >> rose: thank you. great to see you genz. >> thank you very much. >> fundi for charlie rose has been provided by the coca-cola company, supporting this program since 2002. >> and american express. additional fund funding provided by these funders.
you know, and it sounds like what is the big difference. but it really needed a specific, for me to understand that real new york vibe, that is what i was going for. >> yet known reason why i should direct a movie. >> i think so too. >> as soon as i write a script as soon as i get out of here ari will call me and say where's the script. >> the plan is to do a movie. >> rose: i think should come at this table. >> i would love you on a show, a movie it would be...
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Jul 22, 2011
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the company became a pioneer of the big-box bookseller concept. at its peak in 2003, borders had more than 1,200 stores around the country, each with thousands of new titles. the company says a host of factors led to its demise, including the turbulent economy; the move away from brick and mortar stores to online retailers and the rise of e- readers, like the kindle, ipad, and nook. more on this story now from annie lowery, who's followed it as a business writer for the online magazine "slate." welcome to you. >> thank you. >> brown: now part of this is, of course, about larger trends of the internet's impact on the book business. but borders also made its own mistakes, i guess, along the way. >> absolutely. >> brown: what happened? >> it's not an easy climate for any retail business or for anybody selling books, obviously. but borders made some strategic mistakes. first and foremost they had a very, very tennuous relationship with the internet. they actually outsourced the sale of a lot of their books on-line from 2001 to 2008 to amazon. and on t
the company became a pioneer of the big-box bookseller concept. at its peak in 2003, borders had more than 1,200 stores around the country, each with thousands of new titles. the company says a host of factors led to its demise, including the turbulent economy; the move away from brick and mortar stores to online retailers and the rise of e- readers, like the kindle, ipad, and nook. more on this story now from annie lowery, who's followed it as a business writer for the online magazine...
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Jul 26, 2011
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it's a big game. game, creepy, creepy, little game. >> judgmental. at the end of the night do i ask hem to come home with me. >> no, you tell them. they have no choice and they are so overjoyed to have had the opportunity to make sweet sweet love to you. oh, my god, you did. you miagi'd me. >> charlie: tell us about ryan gossling. >> he's obviously a great actor but i met with him for this part. i had a three-hour meeting and he became a friend of mine. >> charlie: the conversation was whether i would hire you for my movie. >> it's weird when you put it that way. but yeah he was somebody we were interested in playing the role and actually we worked togeth and i forgotten about this when i was a young teen we did a pilot together and didn't have scenes but we had worked together many many years before and he reminded me of that fact and he's just a good guy. he's vy very sweet and very kind with a huge heart and funny. that's what's going to surprise people. here's this guy that you know of as a very intense leading man and he is a great advisor in th
it's a big game. game, creepy, creepy, little game. >> judgmental. at the end of the night do i ask hem to come home with me. >> no, you tell them. they have no choice and they are so overjoyed to have had the opportunity to make sweet sweet love to you. oh, my god, you did. you miagi'd me. >> charlie: tell us about ryan gossling. >> he's obviously a great actor but i met with him for this part. i had a three-hour meeting and he became a friend of mine. >> charlie:...
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Jul 24, 2011
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there was a big difference between cancer and migraines. if we are going to hold up a standard that if you have a headache that knocks you out for an hour or two, you cannot be president, fdr and kennedy, who had addison's disease, and eisenhower, who had a bad heart would never have been president of the united states. i am not sure that is the position any of us would want to take. i think her answer was good, i think based on the evidence -- is their behavioral evidence of this woman not being able -- >> just be a cautionary. >> well, cautionary is fine -- >> i don't know the capitol hill physicians but i don't think it is fair to imply that somehow this is a less qualified individual. >> i'm not saying that. >> what about rick perry? >> rick . looks more and more like he is going to come into the race. -- rick perry looks more and more like he is going to come into the race. mike huckabee, a conservative finalist in 2008 against john mccain, has taken a shot at him, saying he will be the champion of traditional values and high morals, a
there was a big difference between cancer and migraines. if we are going to hold up a standard that if you have a headache that knocks you out for an hour or two, you cannot be president, fdr and kennedy, who had addison's disease, and eisenhower, who had a bad heart would never have been president of the united states. i am not sure that is the position any of us would want to take. i think her answer was good, i think based on the evidence -- is their behavioral evidence of this woman not...
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Jul 29, 2011
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. >> it shot a big hole into the company's results. it will years ago, the ceo and russian prime minister agreed to a partnership with the russian state energy concern. the partnership explicitly forbidden under an agreement with the former french joint venture partner. in may, an arbitration panel ordered siemens to pay damages. another big setback came from the company's health-care operations. the invested heavily in new particle beam therapy to treat cancer. now, it has taken a charge after reevaluating the commercial feasibility of the new technology. the company's other main areas -- heavy machinery and rail transport -- remain strong, but russia says that risks in the global economic outlook are increasing. siemens is already feeling the pressure of increased competition in the wind turbine market. >> the u.s. debt crisis is still unresolved. greece is still struggling with its spiraling debt, and concerns about rome's ability to cut its sovereign debt. italy's borrowing costs soared to almost 6%. the auction was conducted in ab
. >> it shot a big hole into the company's results. it will years ago, the ceo and russian prime minister agreed to a partnership with the russian state energy concern. the partnership explicitly forbidden under an agreement with the former french joint venture partner. in may, an arbitration panel ordered siemens to pay damages. another big setback came from the company's health-care operations. the invested heavily in new particle beam therapy to treat cancer. now, it has taken a charge...
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Jul 28, 2011
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workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,00. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors. >> brown: but for the union it's in a sense fighting for some relevancy here, i guess, right? >> well, survival basically. there's two things the union needs to do. they need to get a contract that their members will accept. they also have to send a message to the foreign companies. they have been trying desperately to organize the transplants. toyota, honda, nissan, and, frankly, they've had no success. and they've tried this for decades and the new waub president bob king has made this a goal. if they don't organize the transplants they are forever going to be sort of sliding down
workers, 600,000 of the big three. in 2004 it was 230,000, to today it's 111,00. they've suffered enormous reductions and hundreds of thousands of workers have taken buyouts in the last few years. so the companies are bringing more cars online. they can use... they can dangle more jobs and more products and more employment to the u.a.w. as a concession because they don't want to increase their hourly wage rate because they're still paying more on average than their foreign competitors. >>...
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Jul 29, 2011
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. >> that money could make a big differen to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of representatives today as speaker john boehner faced a key test of his leadership, four days before the u.s. government could face default. "newshour" congressional correspondent kwame holman begins our coverage. >> reporter: house republicans pushed forward with a vote today on the speaker's plan, even as the measure faced a white house veto threat and a firm wall of opposition in the democratic- controlled senate. boehner's plan would cut the deficit by $917 billion over the next decade by capping the budgets of federal agencies. the proposal would also raise the debt ceiling by $900 billion enough to allow the government t
. >> that money could make a big differen to a lot of people. >> and by the bill and melinda gates foundation. dedicated to the idea that all people deserve the chance to live a healthy productive life. and with the ongoing support of these institutions and foundations. and... this program was made possible by the corporation for public broadcasting. and by contributions to your pbs station from viewers like you. thank you. >> woodruff: it was decision day in the house of...
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Jul 23, 2011
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so i think the president took a big risk. maybe we will see his tone as he is giving it to them, angry, treating them like children. but a lot of people will take a look at it and say there's some arrogance and self-superiority there. >> rooney: . >> lehrer: well, it's 6:36 as we're speaking eastern time and the president's still speaking. in the white house briefing room. but he says, mark, that he's going to-- he called the bipartisan congressional leadership to the white house tomorrow, saturday for a meeting. but boehner says he's not negotiating, what's going on? that's what i am trying to get. we don't know. >> well, john boehner said he himself was going to now negotiate with the leaders of the senate. and to try and come up with something. that was in his statement. so but the president did say, not to come from me, he said be at the white house tomorrow morning at 11:00 and come up with a solution. it's up to you. i know the best of my knowledge harry reid and mitch mcconnell and nancy pelosi have not been-- or citiz
so i think the president took a big risk. maybe we will see his tone as he is giving it to them, angry, treating them like children. but a lot of people will take a look at it and say there's some arrogance and self-superiority there. >> rooney: . >> lehrer: well, it's 6:36 as we're speaking eastern time and the president's still speaking. in the white house briefing room. but he says, mark, that he's going to-- he called the bipartisan congressional leadership to the white house...
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Jul 8, 2011
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how big? >> another problem. because athis point they had a sort of hand shake dealor something over a trillion dollars in discretionary cuts. democrats said well, when you go into appropriations and start making these cuts this is how much that has to go to defense. republicans said no, they have t agre to that yet. it's a major stumbling block at this point. so while it was beginning to look like in the biden talks that there was consensus around certain things, and i think it's true in some of the non-health maatory like farm subsidies and federal worker pensis and trb i care i understand is on the table, they agreedhat the were rape targets. but the idea that they agreed on what to cut and how to cut it i think was oversold. >> hunt aga, what's the defense target if they could get a con seine us? >> well, obama has offered something like $300 billion over ten. or $400 over 12. but i don't think republicans have been willing to accept that so far. >> hunt: when we talk about crunch time now, julianna, we've ha
how big? >> another problem. because athis point they had a sort of hand shake dealor something over a trillion dollars in discretionary cuts. democrats said well, when you go into appropriations and start making these cuts this is how much that has to go to defense. republicans said no, they have t agre to that yet. it's a major stumbling block at this point. so while it was beginning to look like in the biden talks that there was consensus around certain things, and i think it's true in...
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>> well, i think it's a cautionary tale for the big media companies and the big tech companies who perhaps wish to acquire a lot of these companies. they're a lot harder to monetize than you think. and this is a business that moves very fast. and when you look at something like myspace, when it first sold to newscorp in 2005, there was much excitement about the fact it had the most users and it was the biggest. but we saw facebook, at that time very fine-- tiny, compute better and fast or the business. myspace lost because newscorp failed to execute, in my opinion and because they didn't focus on the technology at the time and their competitors did. i think that's a danger for any business in any industry. i don't think it necessarily is a suggestion that we're going to see the explosion of a number of healthy-- potentially healthy business in this field. >> suarez: and, josh, when we talk about myspace, we're looking at, as jessi mentioned, a company that was a leader in its field. so as they always say in the financial services commercials-- past performance is no prediction of future va
>> well, i think it's a cautionary tale for the big media companies and the big tech companies who perhaps wish to acquire a lot of these companies. they're a lot harder to monetize than you think. and this is a business that moves very fast. and when you look at something like myspace, when it first sold to newscorp in 2005, there was much excitement about the fact it had the most users and it was the biggest. but we saw facebook, at that time very fine-- tiny, compute better and fast or...
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Jul 16, 2011
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but the other really big issue, of course, is that the u.k. has greece and ireland sitting on its doorsteps and that caused quite a psychological shock t just for politicians but voters too. >> rose: bill, wt dow make of the fact that eight out of 93 failed. >> and there are small banks in greece and spain. but you know, what it reflects, really, is the lack of capitol within your. >>o land itself or at lea a lack of capital balance. euroland actually has less debt to gdp than the united states. the problem is t balance. it's the south versus the north. and it's like comparing it to a rowboat with too many passengers on one side or the other. and it tips. what's required really is some type of rebalancing, some type of effort from a central bank le the ecb or some type of fiscal policy from what is known as the esff to basically get funds from one untry to the other. and of course the political ramifications and problems in doing that have been the problem to this day. >> the problems in euroland as john says may have actually helped the u.s.
but the other really big issue, of course, is that the u.k. has greece and ireland sitting on its doorsteps and that caused quite a psychological shock t just for politicians but voters too. >> rose: bill, wt dow make of the fact that eight out of 93 failed. >> and there are small banks in greece and spain. but you know, what it reflects, really, is the lack of capitol within your. >>o land itself or at lea a lack of capital balance. euroland actually has less debt to gdp than...
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Jul 30, 2011
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there are big issues here. defense spending issues going to be very large, i think, for mcconnell because the reid approach had some serious cuts in defense spending. and then, you know,-- but mcconnell's already proposed some ideas that are likely to be incorporated in the reid-- in the reid bill that will allow the president to do a kind of second charge of increases in the debt limit without congress having much of an influence over it. congress would have to vote against it. so i think that the elements of a beale are here. you know, the problem from my perspective is, this is the easy stuff because it doesn't deal with tax,because it doesn't deal with entitlement. the question is, it doesn't even solve the deficit problem but it's been such a problem just to get the easy-- the question is that the rating agencies, the credit rating agencies and others, can can can they do the harder stuff right down the road? that, i think, is the real difficulty. >> one thing that hasn't been addressed, jim, and republica
there are big issues here. defense spending issues going to be very large, i think, for mcconnell because the reid approach had some serious cuts in defense spending. and then, you know,-- but mcconnell's already proposed some ideas that are likely to be incorporated in the reid-- in the reid bill that will allow the president to do a kind of second charge of increases in the debt limit without congress having much of an influence over it. congress would have to vote against it. so i think that...
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i would say the question is big question marks on both cases. the fact of the matter is the money which should have been appropriateed initially when george w bush announced the cancellation of the shuttle program never materialized. and so the program that he envisioned which would have sent astronauts back to the moon and ultimately beyond to mars, never took hold. so obama reversed course. and now we're in a situation where there is no specific date, no specific destination, just embracing some technologies that will allow nasa to push beyond low earth orbit. will there be funding for that? will there be the political will and leadership to follow through? those are big questions. >> dr. jemison, did nasa make, short term, the right choices. don't head off on something until you know where you are headed? >> well, i don't think it's an issue of don't hid off. i think the issue is reallies what con tell says is going somewhere -- con tell says is going somewhere and was it worth waiting until 2028 to get rid of the space station and shuttle pr
i would say the question is big question marks on both cases. the fact of the matter is the money which should have been appropriateed initially when george w bush announced the cancellation of the shuttle program never materialized. and so the program that he envisioned which would have sent astronauts back to the moon and ultimately beyond to mars, never took hold. so obama reversed course. and now we're in a situation where there is no specific date, no specific destination, just embracing...
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Jul 19, 2011
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i think-my sen is that frankly theyould have a better chance of passing the bill deal, a big $4 illion deal that would significantly cut spending but also include some tax revenue increases. that's, i think... as tough as it would be far to pass the house, i think idea of just giving the president the authority but getting political points to store in return is not going to fly with the republicans in the house. the only way it passes in the house i believe is if there is a vast majority of democrats to go along with it and a slice of republicans. but, look, y heard the speaker last week say this whole situation is like a rubik's cube. any time you kind of dial up the spending cuts, you're going to start losing democrats. any time you di up anything portrayed as a tax increase, even if it's not increasing tax rates,obods talngbout that right now. anything that looks like it's increasing tax revenues at all you start losing republicans. >> rose: so is th idea of the president's desire far grand bargain and speaker boehner at one time hoping for a grand bargain, is that dead or does... t
i think-my sen is that frankly theyould have a better chance of passing the bill deal, a big $4 illion deal that would significantly cut spending but also include some tax revenue increases. that's, i think... as tough as it would be far to pass the house, i think idea of just giving the president the authority but getting political points to store in return is not going to fly with the republicans in the house. the only way it passes in the house i believe is if there is a vast majority of...
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. >> what i've tried to emphasize is we have a unique opportunity to do something big. >> suarez: but after five straight days of talks with congressional leaders, president obama conceded today something big remains elusive. >> we are obviously running out of time. and so what i've said to the members of congress is that you need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised through if they show me a serious plan, i'm ready to move, even if it requires some tough decisions on my part. >> suarez: the president had previously insisted on extending the debt ceiling through 2012 past next year's election. but after thursday's talks, he settled for asking congressional leaders to review three options with their members. the first-- the so-called "grand bargain" that mr. obama favors-- would cut deficits by about $4 trillion dollars, including spending cuts and new tax revenues. a medium-range plan would aim to reduce the deficit by about half that amount. the smallest option would cut betwn $1 trillion and $1.5 trillion dollars wi
. >> what i've tried to emphasize is we have a unique opportunity to do something big. >> suarez: but after five straight days of talks with congressional leaders, president obama conceded today something big remains elusive. >> we are obviously running out of time. and so what i've said to the members of congress is that you need, over the next 24 to 36 hours, to give me some sense of what your plan is to get the debt ceiling raised through if they show me a serious plan, i'm...
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Jul 9, 2011
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and of course in whole region is, there is a huge ripple effect because this is obviously a big jobs generator, the place they call the space coast. but in particular today i spent some time talking with travis thompson who has spent 33 years here at the kennedy space center working on the shuttle program. he is the lead technician on the clogout crew, the guys who button them up, the astronauts, strap them in, shut the door and send them off to space. he and his team, it was a very emotional day for them. as they were finishing up their job they had put together a series of cards with messages talking about their appreciation for the program, their patted rotism and frankly -- patriotism and their sadness, and the final word was god bless america, held by travis thompson himself. this is travis thompson's last day on the job, after 100 shuttle missions, getting the crews strapped in and ready to go to space, tomorrow he has no job. where he is going to go to work. as he said, my job is putting human beings in spacecraft to go to space. i don't see a lot of prospects for doing that s
and of course in whole region is, there is a huge ripple effect because this is obviously a big jobs generator, the place they call the space coast. but in particular today i spent some time talking with travis thompson who has spent 33 years here at the kennedy space center working on the shuttle program. he is the lead technician on the clogout crew, the guys who button them up, the astronauts, strap them in, shut the door and send them off to space. he and his team, it was a very emotional...
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Jul 23, 2011
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big changes in the atmosphere. hopefully, that will be due to the big area of high pressure that we've been calling a heat dome. it's expected to slide a little bit farther stoto the south and when that happens, it will create a void and what will move is an area of low pressure and that will bring cooler temperatures for places like new york and eventually washington, d.c. where instead of triple digit heat, you'll see the temperatures cool down into the 90s and overnight lows into the 70s for washington, d.c. one more thing as we wrap things up. as we see these air masses, these contrasting air masses move, the result has been some scattered showers and some strong thunderstorms. if you happen to be in chicago and you're at the airport, you know about the delays you've had. all due to, again, that problem sweeping across the great lakes. we're going to talk more about that coming up throughout the morning. and of course, t.j., more on that heat. big story for us. back to you. >> reynolds, we appreciate you as alw
big changes in the atmosphere. hopefully, that will be due to the big area of high pressure that we've been calling a heat dome. it's expected to slide a little bit farther stoto the south and when that happens, it will create a void and what will move is an area of low pressure and that will bring cooler temperatures for places like new york and eventually washington, d.c. where instead of triple digit heat, you'll see the temperatures cool down into the 90s and overnight lows into the 70s for...
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there's a big gap between leaders and voters. so the long-term potential of social media is to bridge that gap, to draw leaders so they can listen to people and give ordinary people a chance to engage people and explain. >> brown: limitations and all that you talked about. >> absolutely. >> brown: darrell west, andrew rasiej, cecilia kang, thank you very much. >> ifill: still to come on the "newshour": high stakes deficit negotiations; budget woes in minnesota; the massive cheating scandal in atlanta's schools; southern sudan prepares for independence and the roger clemens perjury trial. but first, with the other news of the day. here's hari sreenivasan. >> sreenivasan: president obama announced today he'll begin sending condence letters to families of soldiers who commit suicide in combat zones. the decision reversed a policy that been in place for years. military suicides have risen during the long-running wars in iraq and afghanistan. in his statement today, the president said, "these americans served our nation bravely. they
there's a big gap between leaders and voters. so the long-term potential of social media is to bridge that gap, to draw leaders so they can listen to people and give ordinary people a chance to engage people and explain. >> brown: limitations and all that you talked about. >> absolutely. >> brown: darrell west, andrew rasiej, cecilia kang, thank you very much. >> ifill: still to come on the "newshour": high stakes deficit negotiations; budget woes in minnesota;...
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that is the really big question. mp's delayed their summer holidays to discuss the hacking scandal rather than the economic crisis in the united states and eurozone. >> that is it for our look at the summer term in parliament. "the record review" will return when parliament gets back in september. for now, did by. -- for now, goodbye. ♪ >> if you want to be informed about what is happening in the world, it is not so hard. c-span has a digital online archive the go back to a 1987. you can basically whatch anythig that happened in the house or senate chambers on your screen. there are sources of information that were not imaginable 20 years ago. >> the c-span video library makes it easy to follow washington with instant access. it is all searchable, share a will, and free -- shareable, and free. the u.s. house returns to legislative businesses at noon today. on the agenda is $27.5 billion in interior department spending. over 100 amendments are expected. extending the term of the current fbi director is among other l
that is the really big question. mp's delayed their summer holidays to discuss the hacking scandal rather than the economic crisis in the united states and eurozone. >> that is it for our look at the summer term in parliament. "the record review" will return when parliament gets back in september. for now, did by. -- for now, goodbye. ♪ >> if you want to be informed about what is happening in the world, it is not so hard. c-span has a digital online archive the go back...
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i mean, you need to go there with a big project, working together with the community, to have a big impact. now, the challenge is a lot of people need to be relocated. and the strategy to move people and to bring them back is still not clear. so i prefer not to-- you know, i can give you my opinion, but maybe it's better if i don't. you know, it's like this, when you work with people, it's not easy, never easy. you know, the infrastructure is the soft work. the hard work is dealing with people, is dealing with the governments, dealing with the communities, dealing with the all the institutions, all the interests. so it's dealing with people is, like, the hard work. >> ( translated ): can't you see the government is lying to us? we'll be evicted like dogs one day. >> ( translated ): if you're wise, you should find somewhere to move to now. don't count on being given a house and don't think you'll come back here. when you leave, you are gone for good. >> ( translated ): how much did you say it was? >> ( translated ): that is 5,500. >> ( translated ): and electricity? >> ( translated ): 1,000
i mean, you need to go there with a big project, working together with the community, to have a big impact. now, the challenge is a lot of people need to be relocated. and the strategy to move people and to bring them back is still not clear. so i prefer not to-- you know, i can give you my opinion, but maybe it's better if i don't. you know, it's like this, when you work with people, it's not easy, never easy. you know, the infrastructure is the soft work. the hard work is dealing with people,...
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>> well, you know, this is a big advocate for the victim. and a lot of victims don't have such an advocate. but frankly for the prosecutor, he's in a tough place. because even if he personally believes his victim, he has to keep in mind, can i prove it beyond a reasonable doubt to the jury given who this defendant is. and so what the victim's lawyer is saying, you know what, don't be a cow ard about this. maybe she lied, but we think the jury will still believe her. and i think the prosecutor is saying if she lied under oath to a grand jury, given the quality of the defense lawyer he has, i don't want to see what's going to happen during this trial. >> brown: so laurie levenson, what happens over the next month or so in the prosecutor's office, what are you -- from your experience, what do you think they're doing now? >> well, after they got over the initial panic i think what they are doing is tracking down every statement she made, seeing if they can corroborate her story as much as possible, seeing under what conditions she might have mad
>> well, you know, this is a big advocate for the victim. and a lot of victims don't have such an advocate. but frankly for the prosecutor, he's in a tough place. because even if he personally believes his victim, he has to keep in mind, can i prove it beyond a reasonable doubt to the jury given who this defendant is. and so what the victim's lawyer is saying, you know what, don't be a cow ard about this. maybe she lied, but we think the jury will still believe her. and i think the...
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is italy too big to fail? >> well, certainly it is. i mean, if you have to think about a rescue package for italy no one today has the money to put it up. i mean, let's face it, as you said before, italy is six times the size of greece. so i think that everybody should be quite calm. today the markets were doing much better. it's true, as ken was saying before, part of the confusion arose because of a fight over an internal political fight between berlusconi and finance minister tremonte. but the decree for a large austerity plan was already passed. and it was because of this fight that the markets feared that maybe this decree was not going to be approved by parliament. today the situation has been clarified. by friday this package will be passed and, you know, italy is going to go on by adopting this plan and by 2014 it will have a balanced budget which is going to be quite an enviable situation if all of this will go according to plan. >> suarez: professor rogoff, the news of the austerity plan seemed to have calmed really jittery m
is italy too big to fail? >> well, certainly it is. i mean, if you have to think about a rescue package for italy no one today has the money to put it up. i mean, let's face it, as you said before, italy is six times the size of greece. so i think that everybody should be quite calm. today the markets were doing much better. it's true, as ken was saying before, part of the confusion arose because of a fight over an internal political fight between berlusconi and finance minister tremonte....
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we have a big judicial system, we have a big system, plenty of cops, they have more cops--. >>guest: that is another solution. but these are extraordinary circumstances--. >>shepard: if you conduct the people's business behind closed doors all the time, you will end up with a disaster we have in washington. >>guest: but this is far, this is the exact opposite of behind doors this is open doors and wear just preserving the safety the people who did the hardest job here. >>shepard: i feel you, it is tough, isn't it, drew? >>guest: if you suggest that, perhaps, this is like some blue ribbon jury, i think it is far different from that. this is our jury system and i grow if you are talking about the fact we need transparency, but, i think we have to balance tranceparency, but there has been irresponsible journalism from former lawyers that are only concerned about their own popularity and taking shots. >>shepard: say the name, drew! >>guest: and they know very well that you cannot compare the experience these 12 jurors had to people watching this trial in their living room. whate
we have a big judicial system, we have a big system, plenty of cops, they have more cops--. >>guest: that is another solution. but these are extraordinary circumstances--. >>shepard: if you conduct the people's business behind closed doors all the time, you will end up with a disaster we have in washington. >>guest: but this is far, this is the exact opposite of behind doors this is open doors and wear just preserving the safety the people who did the hardest job here....
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but a big, sophisticated attack is how this official is putting it. and they also said it could be international, or it could be domestic norwegian. again, very early to make that assumption or that conclusion. >> right. early hours, a lot of information still to come out. i appreciate it. . let's continue this breaking news coverage with my colleague wolf blitzer. >>> a bombing shatters norway to its core. and a shooting at a youth camp. president obama asking for a dialling back of the demonizing. ten days before the deadline, one republican plan gets a firm smackdown in the u.s. senate. and some surprising new movement in the republican presidential race. we're going to tell you who's suddenly making a strong impression on potential voters. i'm wolf blitzer in "the situation room." the breaking news this hour, a city known for peace making is reeling in terror. norwegian leaders holding a crisis meeting tonight after a deadly bomb attack in oslo and the shooting at a labor party youth camp outside the norwegian capital. at least seven people were k
but a big, sophisticated attack is how this official is putting it. and they also said it could be international, or it could be domestic norwegian. again, very early to make that assumption or that conclusion. >> right. early hours, a lot of information still to come out. i appreciate it. . let's continue this breaking news coverage with my colleague wolf blitzer. >>> a bombing shatters norway to its core. and a shooting at a youth camp. president obama asking for a dialling...
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that is a big statement. i'll tell you almost as quickly as we heard that come from the top republican in the senate we also heard from senate majority leader harry reid as he was returning to the capitol from a meeting at the white house with the president. he was asked if they were any closer to an agreement and reid said very firmly no. one reason could be is we're hearing from democratic leadership aides in the senate, the possible pessimism they said republicans have not moved off from their position that they support the house speaker john boehner's bill. what we're seeing a lot of is a lot of back and forth here. it is a very fluid situation as you know, wolf. one thing we're keeping our eye on is potential for a very late night, 1:00 a.m. vote, the first test, a test vote for senator reid's proposal to raise the federal debt ceiling as he's pushing that proposal forward at the same time. >> they need 60 votes for reid's proposal to get through the senate because the republicans at least some of them a
that is a big statement. i'll tell you almost as quickly as we heard that come from the top republican in the senate we also heard from senate majority leader harry reid as he was returning to the capitol from a meeting at the white house with the president. he was asked if they were any closer to an agreement and reid said very firmly no. one reason could be is we're hearing from democratic leadership aides in the senate, the possible pessimism they said republicans have not moved off from...
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be honest about it. >> most -- >> by the way, bush made a big tax cut, two big war, a big tax cut, prescription bill that wasn't -- we had a guy on last night that showed almost half the federal debt was caused by bush over the eight years in office. that's serious business. >> everybody loves blaming president bush. >> i just did it. by the way -- >> you can blame anybody you want. who's been in office the last and a half years and doesn't want to correct the problem? place the blame where it is and it falls on both sides of the aisle. >> that was a totally -- >> the president doesn't want to put a plan in place. we've got fix the problem and it's not done by raising taxes. the problem is washington spends too much money. you don't solve that problem by sending washington more money and job killing taxes. you start controlling spending. >> i've heard you say over and over, as 14ds trillion debt. half cause bood bud by bush. you can't just talk than when he left us with the problem. >> we're here solving the problem and president obama doesn't want to address it. doesn't want to put a plan in w
be honest about it. >> most -- >> by the way, bush made a big tax cut, two big war, a big tax cut, prescription bill that wasn't -- we had a guy on last night that showed almost half the federal debt was caused by bush over the eight years in office. that's serious business. >> everybody loves blaming president bush. >> i just did it. by the way -- >> you can blame anybody you want. who's been in office the last and a half years and doesn't want to correct the...
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. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading a multimillion dollar budget mess in minnesota." later the bachmann campaign added on healthcare mandates, climate change and wall street bail-outs there's very little daylight between governor pawlenty's record and the obama administration's." this back and forth comes with pawlenty still trailing bachmann in the polls. for bachmann, the verbal sparring seems to come with at least some risk. it will likely draw even more attention to the iowa straw poll, less than three weeks away, and pawlenty seems to have the advantage of a larger, deeper iowa organization. the stra
. >> big difference between talking and getting stuff done. and i get stuff done. >> it's the latest chantner the rivalry of the two minnesota candidates for the republican presidential nomination, which boiled over yesterday, with pawlenty having spent almost two weeks saying bachmann has no congressional accomplishments to speak of, bachmann had enough. in a sunday statement, she fired back saying "i've fought against irresponsible spending while governor pawlenty was leading...
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Jul 26, 2011
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it was a big challenge. it took patience from us to manage to ask the experts in the constitution and the economy, and the big challenge is that the demands of the people has only political backgrounds, but their decisions would have the economic background and security background. so our decisions appeared has slowed to the people. but it was not slow. if you see the achievements and six months, you can see supra issue intrudes -- the biggest achievements. now people are recognizing that there is excess success we have the following procedure. polish that there is excess -- that there is success we have to follow and proceed. they have many demands. >> to you try to meet with them? >> have met with many factions of them. i am not saying that they are not good, but every group or person has his agenda, his demands, and it is absolutely -- no government in the world can respond to all of these collective demands. we have enough patience to deal with them and we are committed until this moment that the fire on
it was a big challenge. it took patience from us to manage to ask the experts in the constitution and the economy, and the big challenge is that the demands of the people has only political backgrounds, but their decisions would have the economic background and security background. so our decisions appeared has slowed to the people. but it was not slow. if you see the achievements and six months, you can see supra issue intrudes -- the biggest achievements. now people are recognizing that there...
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but, there are a lot of questions about who the big winners and hot big losers could be. based on how this plays out in the hours ahead. one person having a hard time getting done what he said he would do is the united states. plan crmpleted is for this to come up again around christmas. >> yeah, maybe it might be counter intuitive to say amid all this chaos optimism in washington. get a deal in the next couple of days. they are starting to talk democratic officials are in private about what might be called a plan c. the boehner bill, the reid bill, they say these two are not that far apart on in terms of spending cuts. and in terms of the fact that both of them want to set up special committees in congress to come up with another round of spending cuts down the road. over the long haul. and they say the big sticking point what are the enforcement mechanisms. how do you make sure this committee on congress comes together. not some other washington commission that does a study, puts it on a shelf somewhere where it collects dust. how does it have some teeth to it working o
but, there are a lot of questions about who the big winners and hot big losers could be. based on how this plays out in the hours ahead. one person having a hard time getting done what he said he would do is the united states. plan crmpleted is for this to come up again around christmas. >> yeah, maybe it might be counter intuitive to say amid all this chaos optimism in washington. get a deal in the next couple of days. they are starting to talk democratic officials are in private about...
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Jul 26, 2011
07/11
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CSPAN2
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there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the task and i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> speaker john boehner there at the speaker's ceremonial office up on capitol hill. another set of dueling set of remarks by the president and the speaker. tonight you can watch both of them over on c-span a bit later this evening and watch them at our website c-span.org. we'll go to your calls. want to bring up one story from the "huffington post" about what the speaker put forward in terms of debt and deficit. tea party coalition rejects boehner proposal. the "cut, cap, and balance" coalition which boasts of hundreds of tea party groups and more than 100 gop lawmakers in its membership, citing two provisions in his proposal amount to deal breakers. call for creating a congressional commission and its inclusion of a balanced budget amendment according to the group is o
there is no symptom of big government more menacing than our debt. break its grip and we begin to liberate our economy and our future. we are up to the task and i hope president obama will join us in this work. god bless you and your family and god bless the united states of america. >> speaker john boehner there at the speaker's ceremonial office up on capitol hill. another set of dueling set of remarks by the president and the speaker. tonight you can watch both of them over on c-span a...
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Jul 23, 2011
07/11
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FOXNEWSW
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that the president moved the goal posts after the gang of six revealed a plan earlier this week and a big reason why the talks broke down. and one of those six, he joins me now. senator, the gang is famous for trying to bridge republicans and democrats and democrats didn't like the fact that you didn't offer enough spending cuts, republicans didn't like the fact that among your ideas was revenue enhancements. what they called automatic tax hikes. but still, it was a bridge. is that bridge now burned and destroyed? >> oh, no, i don't think so at all. as a matter of fact, our plan does not raise taxes. we actually cut the taxes dramatically and the revenue that we allocate is revenue from growth in the economy. which is exactly how we ought to approach it. this is the-- >> wait a minute, wait, didn't that include getting rid of credit and subsidies and the like that would effectively at least here in some states, raise taxes on those individuals to work. >> well, some are arguing that, but we reduce rates far more than we adjust the tax preferences so no matter how you look at it. we have f
that the president moved the goal posts after the gang of six revealed a plan earlier this week and a big reason why the talks broke down. and one of those six, he joins me now. senator, the gang is famous for trying to bridge republicans and democrats and democrats didn't like the fact that you didn't offer enough spending cuts, republicans didn't like the fact that among your ideas was revenue enhancements. what they called automatic tax hikes. but still, it was a bridge. is that bridge now...
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Jul 15, 2011
07/11
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KPIX
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is financed in part by big investment funds that expect a return. you've put a million dollars into this? >> just over, yes. >> reporter: amy domini manages the sustainability group, a billion-dollar fund for wealthy investors. >> my investors want to be part of the solution. that's... that's what i attempt to give them. when they call and ask what's their portfolio doing, this is what they're talking about. >> reporter: b.c.c. makes sure clients like the bassilas can afford the lower mortgage and have steady paychecks. monica works at the state department of health. mike is on disability. >> many people that were able to purchase their home back... >> reporter: in a little over a year, b.c.c. has helped 125 boston-area families; only one has defaulted. there will be people who are paying their mortgages who see this and say, "why should those people be helped?" >> i'm hard pressed to see how we're helped as a country by making more people homeless and putting them out of their homes. >> reporter: b.c.c. hopes to roll this program out nationally. in
is financed in part by big investment funds that expect a return. you've put a million dollars into this? >> just over, yes. >> reporter: amy domini manages the sustainability group, a billion-dollar fund for wealthy investors. >> my investors want to be part of the solution. that's... that's what i attempt to give them. when they call and ask what's their portfolio doing, this is what they're talking about. >> reporter: b.c.c. makes sure clients like the bassilas can...
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Jul 15, 2011
07/11
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spending, more big government. it would be very helpful to us to be able to say to the american people that our fiscal house is in order. the question now is, what should we be doing to win the future and make ourselves more competitive and create jobs? whatever the government is doing that creates waste, we should eliminate it. thank you, guys. thank you, guys. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> this weekend on c-span, live from salt lake city, the nation's governors look at the nest -- lessons of 9/11. look for live coverage saturday at 5:30 p.m. eastern and sunday at 1:30 p.m. eastern. the national governors association this weekend online come on c-span radio, and on c- span. >> this is the members from here at the library of congress. a private room for senators and house members. if they can also have their personal records held here at the library. how many congressional records are there? you will find out in c-span's original
spending, more big government. it would be very helpful to us to be able to say to the american people that our fiscal house is in order. the question now is, what should we be doing to win the future and make ourselves more competitive and create jobs? whatever the government is doing that creates waste, we should eliminate it. thank you, guys. thank you, guys. [captioning performed by national captioning institute] [captions copyright national cable satellite corp. 2011] >> this weekend...